ADB VP reaffirms strong partnership for inclusive, sustainable development
KATHMANDU: Asian Development Bank (ADB) Vice-President Wencai Zhang has pledged ADB’s support for the government’s development agenda as the country transitions to a federal system of governance.
Vice-President Zhang made such remarks after meeting with Prime Minister KP Sharma Oli during his 2-day visit to Nepal.
ADB looks forward to expanding its partnership with the government at this important stage of Nepal’s history and will fully support Nepal’s transition to achieve inclusive and sustainable development,” Zhang said.
During his discussions with PM Oli, Zhang lauded Nepal’s initiative to strengthen democracy with the adoption of the new constitution and completion of the local, state and federal elections, the ADB states issuing a press statement today.
He also said the country’s transition to a federal system of governance represents a significant and hard-won achievement of the peace process and offers a unique opportunity to Nepal to bring about economic and social transformation and for better service delivery with greater accountability.
“ADB will continue to support higher economic growth and job creation by building physical and human capital, investing in energy, urban and transport infrastructure, as well as education and agriculture,” he said.
Since joining ADB in 1966, Nepal has received assistance of $5.25 billion. RSS